Disclosures in Real Property Transactions

There are numerous statutes in which have a significant effect on real estate transactions in the areas of “disclosures”. The following is a brief overview of some disclosure requirements in certain states. Because the laws concerning disclosure obligations may change, you should research any area of interest before proceeding and consult an attorney or knowledgeable real estate professional.

1. Disclosures Upon Transfer of Residential Property
• Real Estate Transfer Disclosure Statement
• Local Option Real Estate Transfer Disclosure Statement
• Natural Hazard Disclosure
• Mello-Roos Bonds and Supplements Taxes
• Ordinance Location
• Window Security Bars

2. Earthquake Guides
3. Smoke Detector Statement of Compliance
4. Disclosure Regarding Lead-Based Paint Hazards
5. Structural Pest Control Inspection and Certification Reports
6. Energy Conservation Retro Fit and Thermal Insulation
7. Foreign Investment in Real Property Tax Act
8. Notice and Disclosure to Buyer of Site Tax Withholding on Disposition of Property
9. Furnishing Controlling Documents and Financial Statement
10. Advisability of Title Insurance
11. Certification regarding Water Heater’s Security against Earthquake
12. Database Locations of Registered Sex Offenders

You may also contact the following government agencies for more information:

California Department of Real Estate…………………www.dre.ca.gov
Federal Trade Commission……………………………….(415) 848-5100
Internal Revenue Service………………………………….(800) 829-1040